German shipping firm ZEABORN Group has signed an agreement to takeover Offen Group’s tanker management subsidiary Claus-Peter Offen Tankschiffreederei (CPO Tankers).
Under the agreement, ZEABORN will acquire 100% of the shares in CPO Tankers. Financial details of the deal have not been disclosed by the companies.
With the acquisition, ZEABORN marks its entry into tanker ship management.
According to the company, the transaction allows it to remain in line with its strategy to further expand its services as an integrated and active shipping company worldwide.
Additionally, the deal will allow ZEABORN Ship Management to expand its service portfolio to the wet market for oil and product tankers.
ZEABORN Group managing partners Ove Meyer and Jan-Hendrik Többe said: “With CPO Tankers, a well-known and very reputable company joins our ship management activities.
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“CPO Tankers, the management and the employees are a great fit for our organisation, enabling us to expand our service portfolio with a first-class tanker management.”
Offen Group noted that the sale is part of its future strategic focus to be an owner / manager of post-panamax container vessels.
CPO Group managing owner Claus-Peter Offen said: “We, as Offen Group, want to grow our leading position as owner / manager of post-panmax container vessels through significant investments in this sector. Pure ship management services in tank or bulk are no longer in our focus.”
ZEABORN Shipping operates as the holding company for the global ship management activities of the ZEABORN Group, which was founded by Kurt Zech together with Ove Meyer and Jan-Hendrik Többe in 2013.